https://www.miningweekly.com

Merafe lowers expected headline loss

5th March 2020

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

JSE-listed ferrochrome producer Merafe Resources has revised its expected headline loss a share for the year ended December 31, downward to between 1.2c and 2.3c.

This is an improvement on the headline loss a share of 2.3c to 2.9c it initially expected to report for the year.

It is, however, still a turnaround from the headline earnings a share of 27.2c reported for 2018.

Merafe attributed the expected headline loss to lower ferrochrome and chrome ore prices, which were only partially offset by a stronger average rand:dollar exchange rate.

The company will release its results on or about March 9.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION